Hit to global economy seen as China virus death toll hits 170

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BEIJING - Hundreds of foreign evacuees from the Chinese city of Wuhan entered quarantine on Thursday as deaths from a fast-spreading virus rose to 170 and markets shuddered at the impact of an inevita

ble big hit to the world's No. 2 economy.

The day after a state economist forecast the crisis would lop a percentage point off China's first quarter growth, global stocks tumbled, the yuan hit its lowest this year, oil prices slid again and safe haven assets like gold gained. "Canteens are not open. Most of the shops are closed. We cannot go out and buy food," Si Thu Tun, one of 60 students from Myanmar trapped in Wuhan, told online news outlet the Democratic Voice of Burma.

The crisis has stoked a wave of anti-China sentiment around the globe, from shops barring Chinese tourists to online mockery and surprise checks on foreign workers. India was the latest nation to report a case, a student of Wuhan University. And South Koreans protested at facilities earmarked as quarantine centers, throwing eggs at a minister.

Airlines to suspend flights to China include British Airways , Lufthansa, Air Canada and American Airlines. Air France cabin crew unions were demanding the same, sources said, though the company has already allowed pilots and crew to opt out of China flights.Fuelling concern over the damage to productivity, thousands of Chinese factory workers on Lunar New Year holidays may struggle to get back to work next week, due to extensive travel restrictions imposed to stop the spread of the virus.

 

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